2023 2024 EduVark > Education Discussion > Banks Related


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March 27th, 2017, 08:54 AM
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Join Date: Mar 2012
Re: CSB Bank History

The Catholic Syrian Bank Limited (CSB) is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. It is one of the oldest banks in India. The bank has a network of over 430 branches and more than 240 ATMs across India

the History of the Catholic Syrian Bank Limited is given below

History of the Catholic Syrian Bank Limited
CSB was founded on 26 November 1920 well before Indian independence, and opened for business on January 1st, 1921 with an authorised capital of Rs.5 lakhs and a paid up capital of Rs. 45270/-

During the first two decades of its functioning, the Bank concentrated only in Kerala. Banks and credit institutions which proliferated especially in Kerala received a jolt and many of them came to their doom following the crash of the Travancore National Quilon Bank in 1938 followed by Palai Central Bank in 1960.

During the period many small banks came to the verge of collapse shaking the confidence of the public and what followed was a process of consolidation.

The strategy of mergers and amalgamations of small banks with bigger banks brought the number of banks within controllable limits, thereby making the industry's base strong. In 1964-65,

The Catholic Syrian Bank Ltd took part in taking over the liabilities and assets of five small/medium sized banks in Kerala. The expansion programme initiated during these years gathered momentum in the subsequent years.

At present, the bank has a network of over 430 branches and more than 240 ATMs across India.

The Bank also plans to open more number of branches in a phased manner.The newly appointed MD & CEO of the bank is Mr. CVR Rajendran.


The Catholic Syrian Bank Ltd did not lag behind in taking up the challenge and more than 75% of its clientele belong to small and economically weaker strata of Society.

The Bank has a strong rural base with around 80% of the branches in rural and semi- urban areas.


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